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EBRD develops strategic plan for Azerbaijan for 2010-2013

Business Materials 16 March 2010 20:35 (UTC +04:00)
European Bank for Reconstruction and Development (EBRD) develops a strategic plan for Azerbaijan for 2010-2013, EBRD President Tomas Mirov, who is on visit to Baku, said on March 16.

Azerbaijan, Baku, March 16 / Trend , N.Ismayilova/

European Bank for Reconstruction and Development (EBRD) develops a strategic plan for Azerbaijan for 2010-2013, EBRD President Tomas Mirov, who is on visit to Baku, said on March 16.

"The main goal of the Bank's future strategy is to support the development of non-oil sector of Azerbaijan through investment in infrastructure projects, financial institutions and private enterprises," said the head of the EBRD.
According to him, the initial version of the Bank's strategy envisages receiving proposals from the government of Azerbaijan on the new spheres of cooperation with the EBRD.

"Proposals [of the government] will be included in the final version of the document to be submitted for approval by the Board of Directors of the Bank," said Mirov.
The Bank has already financed 103 projects in Azerbaijan, worth $1.4 billion. Financial institutions of the country, cooperating with the EBRD, received 69 credit lines and investments in capital totaling $223 million from the bank.

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